Callan Family Office LLC Takes Position in Vistra Corp. (NYSE:VST)

Callan Family Office LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,692 shares of the company’s stock, valued at approximately $1,267,000.

Other large investors also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Vistra during the 1st quarter valued at $26,000. Redwood Wealth Management Group LLC purchased a new stake in Vistra in the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra in the 1st quarter worth $32,000. EdgeRock Capital LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at $34,000. Finally, Riverview Trust Co bought a new stake in shares of Vistra during the 1st quarter worth $39,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of VST stock opened at $131.33 on Tuesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The firm has a market cap of $45.63 billion, a P/E ratio of 80.57 and a beta of 1.10. The business’s 50 day moving average price is $90.11 and its 200-day moving average price is $85.47. Vistra Corp. has a fifty-two week low of $31.40 and a fifty-two week high of $143.87.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts anticipate that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.2195 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.67%. Vistra’s dividend payout ratio (DPR) is 53.37%.

Analysts Set New Price Targets

A number of research firms recently commented on VST. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group upped their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets restated an “outperform” rating and issued a $146.00 price objective (up from $125.00) on shares of Vistra in a report on Friday. Finally, Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $118.14.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.